Report: China asks South Korean companies to halt exports to US defense firms
This week, China urged South Korean companies to halt exports of products containing Chinese rare earth elements to US defense firms, according to the Korea Economic Daily.
This follows China’s export restrictions on several rare earth elements, including dysprosium, terbium and NdFeB magnets containing those elements, announced on April 4, 2025, amid escalating US-China trade tensions and new US tariffs.
The Chinese government reportedly sent letters to South Korean manufacturers in battery, electric vehicle, aerospace and other industries, warning of sanctions for non-compliance.